Vitro Blocks Defiant Noteholders From Demanding Debts

Law360, New York (May 2, 2011, 3:30 PM EDT) -- A federal judge in New York granted bankrupt Mexican glass manufacturer Vitro SAB de CV a temporary restraining order Friday blocking Aurelius Capital Master Ltd. and other noteholders from suing the debtor or otherwise impeding its restructuring in Mexico.

The TRO enjoins the noteholders and other creditors from trying to collect debts from Vitro’s nondebtor affiliates and scuttle the glass maker’s prepackaged $1.7 billion global restructuring under way in Mexico.

“[All] creditors are hereby enjoined from commencing or continuing any and all actions in any jurisdiction...
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